Question

    As per RBI guidelines, ‘Bulk Deposit’ in the case of RRBs mean a Single Term Deposit of _______ and above.

    A 50 Lakh Correct Answer Incorrect Answer
    B 75 Lakh Correct Answer Incorrect Answer
    C 1 Crore Correct Answer Incorrect Answer
    D 2 Crore Correct Answer Incorrect Answer
    E 5 Crore Correct Answer Incorrect Answer

    Solution

    As per RBI guidelines, ‘Bulk Deposit’ in Regional Rural Banks (RRBs) refers to a single term deposit of ₹1 crore or more.

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